Omega experienced turnover of NOK 1.5 billion and growth of 21 percent in 2013.
2013 turnover, Omega and subsidiaries
- The Omega concern's turnover in 2013 was 1,56 MNOK i 2013, up 21 % fra 2012
The turnover of subsidiaries and international offices (2012 in brackets) in NOK million:
- Omega PS Houston: 48,1(31,3)
- Omega PS Singapore: 118,3 (35,5)
- Omega PS Canada: 3,6 (4,3)
- Omega UAB Litauen:6,4 (5,3)
- Omega Australia: 13,7 (20,8)
- Omega PS Danmark: 18,8(15,4)
- Omega PS UK: 1,7(2,2)
- Omega Areal: 28,3 (26,7)
- Omega Hus: 27,7(26,9)
- Omega Byggservice: 9,8 (5,5)
Including the 2013 financials, Omega can report an average annual growth of 29 per cent over the past 10 years.
“Thanks to skilled consultants on assignment for our clients, sharp Pims System Engineers, and an efficient internal staff, Omega’s solutions are gaining ground,” says Omega CEO Petter Aalvik.
Turnover for the Omega concern increased in comparison to previous years, from NOK 1.29 billion in 2012, to NOK 1.56 billion in 2013.
Omega is running a solid business based on small margins. The Omega Concern achieved a 3.9 percent result after tax measured with turnover.
“Over the last 20 years, Omega has invested significant sums in our Pims software, which have been reported as expenses each year. The improvement in the operating margins are a result of these software investments providing better returns, via increased use of Pims and a larger market share,” Aalvik says.
Omega’s CEO is looking forward to a year with record high activity on the Norwegian continental shelf and new challenges for Omega.
“Already in 2014, Omega is involved in all of the large development projects in the North Sea - a desirable position in the Norwegian market. Investment levels in the North Sea are at a record high and our clients are working intensively to reduce capital expenditure and deliver more for every NOK that is invested; This has resulted in fewer requests in recent months,” explains Aalvik.
“However, suppliers that assist clients in reaching their goals will have more work on their hands. Omega is well positioned and we will work hard to increase the number of requests we receive and expand our market shares in the coming months.”
Published: 31.03.2014